Bogart Wealth LLC Increases Stake in Invesco QQQ

Bogart Wealth LLC has expanded its investment in Invesco QQQ (NASDAQ:QQQ – Free Report) by 3.5% in the third quarter, according to the latest report to the Securities and Exchange Commission (SEC). After acquiring an additional 759 shares during this time, the firm now holds a total of 22,452 shares of the exchange-traded fund (ETF). The value of Bogart Wealth LLC’s holdings in Invesco QQQ stands at approximately $10,958,000 based on the most recent SEC filing.

Other institutional investors have also adjusted their positions in QQQ. For instance, Jackson Wealth Management LLC increased its stake by an impressive 67.5%, now owning 15,997 shares valued at $7,808,000 after buying an additional 6,445 shares in the last quarter. Similarly, Index Fund Advisors Inc. grew its stake by 12.5%, obtaining 1,393 shares worth around $680,000 after acquiring 155 additional shares.

Impact Partnership Wealth LLC also raised its holdings in Invesco QQQ by 12.8%, increasing its owned shares to 48,711, which are valued at $23,774,000 following the purchase of an extra 5,518 shares. Additionally, Grimes & Company Inc. increased its position by 2.2%, now holding 6,340 shares valued at $3,094,000 after acquiring 139 more shares during the quarter. Lastly, Asset Planning Services Inc. LA ADV boosted its stake by 8.1%, bringing its total to 922 shares worth $450,000 after purchasing 69 additional shares. Overall, institutional investors and hedge funds own 44.58% of the stock.

Invesco QQQ Stock Performance

As of recent trading, QQQ shares opened at $492.32. The stock has seen a 50-day simple moving average of $479.75 and a 200-day simple moving average of $466.12. Over the past year, Invesco QQQ has recorded a low of $342.35 and a high of $503.52.

Invesco QQQ Quarterly Dividend Announcement

The company also announced a recent quarterly dividend set to be paid on Thursday, October 31st. Shareholders recorded before September 23rd will receive a dividend of $0.677. The ex-dividend date for this payment is also September 23rd. This totals an annualized dividend of $2.71, yielding a 0.55% return.

About Invesco QQQ

(Free Report) PowerShares QQQ Trust, Series 1 is an investment trust that issues stocks known as Nasdaq-100 Index Tracking Stock. Its objective is to produce investment outcomes that closely match the price and yield performance of the Nasdaq-100 Index. This enables investors to purchase interests in the Trust that represent proportional stakes in the leveraged portfolio of securities held by the Trust, encompassing nearly all the underlying stocks in the Nasdaq-100 Index.

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